KLSE Stocks Review

LUSTER (5068) The Story behind the Chart of LUSTER INDUSTRIES BHD

ChartStory72
Publish date: Sat, 05 Jun 2021, 12:42 PM
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LUSTER 5068 
 
Requested by one of our subs. 
 
Overall prices are ranging but also in a weak uptrend but still an uptrend which is a good enough reason. 
 
However, today we see prices are in a very critical area. The last line of defence area. I do notice some green candles there which is a good sign for sure as bankers are buying at that area as well. If the buying momentum continues, prices should continue to head higher. BUT if the bankers decided to abandon their pushing plan and prices break below that level, then this stock will no longer be categorized as good anymore. A possible downtrend or the real ranging will begin. 
 
Let's wait and see. 
 
Industry: Industrial Products & Services.  
 
In this fast-moving digital world, we get information in a few clicks. 
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.

 

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